CANADA STOCKS-TSX falls as oil slump hurts energy stocks; BlackBerry tumbles

Fri Apr 1, 2016 4:48pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes, details on TransCanada and Valeant, updates prices)

* TSX ends down 54.03 points, or 0.4 percent, at 13,440.33

* Six of the TSX's 10 main groups down; energy off 2.6 percent

* BlackBerry falls 7.6 percent after earnings

By Fergal Smith

TORONTO, April 1 (Reuters) - Canada's main stock index fell on Friday, dragged down by a 7.6 percent drop in BlackBerry Ltd shares on disappointing earnings and a slump in oil prices that hurt energy companies.

Still, the index closed 0.6 percent higher on the week after having rallied into quarter-end on Thursday. March was its best monthly performance in more than four years.

Investors tried "to close out the quarter on a good note and then what you're seeing today is just a little bit of repositioning," said Bryden Teich, associate portfolio manager at Avenue Investment Management.

The most influential weights on the index included Canadian Natural Resources, which declined 4.4 percent to C$33.60, while TransCanada Corp was down 2.9 percent at C$49.59. The overall energy group retreated 2.6 percent.   Continued...